U.S. spot Bitcoin ETFs are showing a confident recovery: the second consecutive week ended with net capital inflows. During the reporting period, from July 13 to 17, the funds attracted $75.67 million, firmly cementing a trend reversal after a prolonged phase of outflows.
Let me remind you that the turning point emerged a week earlier. From July 6 to 10, the instruments turned positive for the first time in a long while, recording inflows of $197.4 million. The current week confirmed the sustainability of this dynamic.
Daily Picture: One Negative Amid Confident Growth
Characteristic volatility was observed within the week. The only negative day was July 13, when funds recorded outflows of $424.66 million. However, the flow reversed the very next day: on July 14, inflows amounted to $181.08 million, and on July 15 — another $107.8 million. Positive momentum continued at the end of the week: on July 16, funds attracted $79.15 million, and on July 17 — $132.3 million.
Thus, the cumulative inflow over these days more than offset the single outflow. The total net inflow into the funds since their launch has reached $51.35 billion. This is an important psychological and fundamental milestone.
Ether Outpaces Bitcoin: Shift in Inflow Leader
Notably, investor interest was not limited to Bitcoin alone. Spot Ethereum ETFs attracted $105.44 million over the week, surpassing Bitcoin funds in this metric. This signals growing appetite for diversification within the cryptocurrency asset class.
Funds for XRP also drew notable interest, attracting $6.78 million. Solana ETFs showed more modest figures — around $948,210. However, not all assets were in positive territory: funds for the HYPE token recorded outflows of $7.26 million. Flows for other cryptocurrency products remained at zero.
My Comment: A second consecutive week of inflows is not just a technical rebound, but a paradigm shift. Investors who endured an eight-week streak of outflows are now actively returning to the market, viewing current prices as an attractive entry point. Particularly telling is the growing interest in Ethereum ETFs, which may indicate the market preparing for a new cycle where altcoins will play a more significant role.